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Cross-border banking US and Canada

We are US citizens living in Colorado. Our daughter will be attending U of Victoria in Victoria BC this fall. We're looking at options to pay for her tuition, rent, etc that offer the best exchange rate with zero to low fees. I saw on another thread that TD Bank has locations in both countries so thought that might be an option.
Questions:
* How does cross-border banking work? Please discuss the procedures, how the exchange rate is set, any fees.
* You have no locations in Colorado. Could we still open an account in a US branch (assuming that's necessary to do cross-border banking)?
* Do you have locations in Victoria BC; if so, where are they located?
* Are there ATMs in Victoria BC? If so, what are the fees if our daughter needs to access her account?
That's enough for starters! Thanks in advance,
Doug

Doug, Fort Collins, CO
August 13, 2015 04:29:26 PM

1 Response

In reply to Doug, Fort Collins, CO

Thank you for your interest in banking with TD, Doug. We'd be glad to help get you started.
Our TD Cross Border Banking is available to our Customers who open an account with both TD Canada Trust and TD Bank in the U.S. In regards to these accounts, at least one authorized signer must match on both accounts in order to be eligible for our free wire transfer service.
First, we recommend taking a look at the products we have to offer. You are able to take a look at the checking accounts we have available here: http://bit.ly/1ienPN4 and our savings accounts here: http://bit.ly/1QMgPvb.
The easiest way to open your account with both TD Canada Trust and TD Bank is to visit a TD Location in Canada during lobby hours. To take a look at TD Stores you'd like to visit please use our Store Locator found here: http://bit.ly/18OJlY5.
We also recommend taking a look here http://bit.ly/1CVy4Ea for additional details in regards to opening a TD Canada Trust account.
In regards to exchange rates, these rates are set on the date in which a transfer is initiated. You will be able to call our Cross Border Banking Specialists 24/7 for the latest rates by dialing 877-700-2913.
We hope to see you at a TD Canada Trust Store soon, Doug and have a good day.

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